Refiner Phillips 66 is betting on EV batteries for the future because it thinks we have already reached peak oil demand. The company has announced a strategic investment in an Australian lithium-ion battery materials supplier, saying, “This strategic investment enables Phillips 66 to directly support the development of the U.
S. battery supply chain.” “It advances our commitment to pursue lower-carbon solutions while leveraging our leadership position and expertise in the specialty coke market and supporting NOVONIX’s emerging…Peak Oil: Is This Top U.S. Refiner Ditching Oil For Batteries?
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